India's Delhivery rises on upbeat quarterly results
BUZZ-India's Delhivery rises on upbeat quarterly results ** Shares of Delhivery DELH.NS jump 8.3% to 418.05 rupees
** Stock set for its biggest one day pct rise since May 2025, if gains hold
** Logistics services provider posts Q2 consolidated net profit at 406.4 million rupees ($4.28 million) vs loss of 503.8 million rupees a year ago
** Revenue from operations rises 20.4%
** Revenue from its transport vertical, which contributes nearly 86% to the total, grows 22.1%
** "Despite inflationary pressures from fuel and revision in minimum wages, Delhivery's 2Q operational performance surpassed our expectations" - Brokerage Emkay
** Jefferies says results came despite a deferred festive season
** "We believe lower insourcing by Meesho vs. Sep-25Q drove Express Parcel (EP) volume growth despite the festive season deferral" - Jefferies
** YTD, stock up 3.6%
($1 = 94.8551 Indian rupees)
(Reporting by Puyaan Singh in Bengaluru)
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